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Friday 30 November 2012

Retail sector records sales increase for 3rd month in a row

Retailers have reported improved year on year sales for the third consecutive month, according to the Confederation of British Industry (CBI).

The body's latest quarterly Distributive Trades Survey covered the first two weeks in November and found 49 per cent of retailers saw an increase in their volume of sales compared to a year ago, while only 16 per cent recorded a fall.

That means that the resulting balance of 33 per cent is the highest since June this year and above expectations which stood at 27 per cent.

Anna Leach, CBI head of economic analysis, said: "This month's survey is reason to be cheerful as we head into the festive period. Retailers across the board will be heartened by these encouraging results."

The increase in the number of sales jobs along with raising expectations means the future of the retail sector is more optimistic, she added.

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Posted by Nikki BarristerADNFCR-1617-ID-801498138-ADNFCR

Source: The Sales Executive News

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